ICAEW Business Confidence Monitor: national
The latest ICAEW Business Confidence Monitor (BCM) shows that confidence has continued to fall against a backdrop of global economic worries and weakness in the UK. The overall declining trend reflects ever-changing news on Brexit as well as general economic data.
Key findings this quarter
- Business confidence further weakens to -16.4, from -12.3 last quarter
- Sales and turnover continue to grow, but the pace is gradually slowing
- This slowdown in sales is translating into a sharper easing in profits growth
- Weaker sales and profits growth, together with very low levels of business confidence, are having an adverse impact on investment intentions
- Several business challenges, notably access to skills, staff turnover, late payments and transport problems, are on the rise
- Confidence across all sectors is in negative territory, apart from IT & Communications, with the Retail & Wholesale sector the least confident
Find out about the research methods that underpin the ICAEW Business Confidence Monitor.
Using BCM data
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Taking part in the BCM
If you're an ICAEW member working in industry or commerce you might be called to give an opinion on the economic prospects facing your organisation - please spare a few minutes to take part. Your views will provide information on matters of key concern to a broader businesses community, policy-makers and the media. You'll also be helping ICAEW to promote Chartered Accountants as business people with a serious contribution on business, finance and economic issues.